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I agree with Melvin.  Other than a few examples around the world, such as NAB’s UBank, the digital-only banks are attractive when they advertise higher interest rates paid on deposits, but it is difficult for them to be profitable even without brick and mortar and expensive legacy systems.  Putting these digital banks together by cherry-picking the latest and greatest technology and cloud providers is not as cheap as originally expected.  With the right technology, the traditional banks can copy the competitors’ innovative products and keep those customers from ever needing to leave.  Here in the US we’re seeing a rise in attempts to start these neobanks.  Both the ones applying (and still waiting) for banking licenses and the ones who use banking services behind them.  We’ll see how this shakes out.